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BRN fund condition shows months in reserve rising as board office outlines budget roles
Summary
DCA budget staff presented the Board of Registered Nursing with a fund-condition update and walked members through statutory responsibilities, budget process stages and risks including vacancy reductions and May revision adjustments.
Department of Consumer Affairs budget staff briefed the Board of Registered Nursing on May 28 about the board’s fund condition, projected expenditures and the board’s fiscal responsibilities under state law.
Budget analyst Luke Fitzgerald and colleagues presented the board’s fund condition statement and month‑by‑month projection figures, noting the board ended fiscal 2023–24 with a reserve balance the presentation described as about 27 million (roughly six months of reserves) and projected an out‑year balance that totals more months in reserve depending on revenue and repayment assumptions.
Fitzgerald told the board that 2023–24 appropriations were roughly $66.5 million with an estimated $61.5 million spent, producing reversions. For 2024–25 the board’s appropriation was about $65.9 million with projected…
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